Indian Acrylics reported a narrowed net loss of ₹240.85 crore for the financial year ended March 31, 2026, compared to a loss of ₹308.61 crore in the previous year. The company's total revenue from operations declined by 9.7% year-on-year to ₹3,516.85 crore, driven by a sharp contraction in domestic sales despite a surge in exports.

The company has intimated that the Annual Report for FY26 and the notice for its 39th Annual General Meeting (AGM) are available on its website. Shareholders who have not registered email addresses with the company or depositories have been sent letters containing web-links to access these documents, in compliance with Regulation 36(1)(b) of the SEBI Listing Regulations.

Financial Performance

Revenue from operations stood at ₹3,516.85 crore, down from ₹3,893.31 crore in FY25. Domestic sales fell significantly to ₹2,302.55 crore from ₹3,137.87 crore, while export sales rose to ₹1,214.30 crore from ₹755.45 crore. Total income, including other income of ₹57.32 crore, was ₹3,574.17 crore.

The company recorded a profit before depreciation, interest, and tax (PBDIT) of ₹44.21 crore, an improvement from ₹13.49 crore in the prior year. However, after accounting for interest expenses of ₹172.76 crore and depreciation of ₹112.30 crore, the net loss before tax was ₹240.85 crore. No tax expense was recognized due to accumulated losses.

Operational Review

Production of acrylic fibre decreased to 14,116 MT from 16,592 MT, while sales volume fell to 8,728 MT from 11,877 MT. Conversely, acrylic yarn production increased to 7,056 MT from 6,275 MT, with sales rising to 7,141 MT from 6,867 MT. The management attributed the decline in fibre sales to undervalued imports from China, Thailand, and Peru, which have substituted domestic demand.

What the Numbers Show

While operational profitability improved with PBDIT rising more than threefold, the benefit was largely offset by high fixed costs. Interest expenses alone consumed nearly four times the operating profit generated before depreciation and interest. This divergence highlights that the narrowing net loss is primarily driven by reduced depreciation charges and lower interest costs rather than a fundamental recovery in core trading margins, which remain pressured by import competition.

Corporate Governance & AGM Agenda

The 39th AGM is scheduled for Tuesday, September 29, 2026, at the company's registered office in Sangrur, Punjab. Shareholders will consider the adoption of audited standalone and consolidated financial statements for FY26.

The agenda includes the re-appointment of Shri Dheeraj Garg as a director retiring by rotation. Special resolutions will seek approval for the re-appointment of Shri Rajinder Kumar Garg as Managing Director and Shri Alok Goyal as Executive Director (Works) for three years each, effective March 1, 2027. The remuneration structure for Mr. Garg includes a monthly salary of ₹20 lakh plus a commission of 5% of net profits, while Mr. Goyal’s package includes a monthly salary of ₹1.51 lakh along with allowances.

No dividend is recommended for FY26 as the company does not have distributable profits under the Companies Act, 2013. The company’s net worth remains eroded at negative ₹123.54 crore, though auditors have issued an unmodified opinion on the going concern basis.

Indian Acrylics has scheduled its Annual General Meeting for Tuesday, September 29, 2026. The meeting will be held at the company’s registered office to adopt accounts.

The share transfer book and member registers will remain closed from September 23, 2026, to September 29, 2026, inclusive. This closure is in connection with the AGM as per Section 91 of the Companies Act, 2013.

E-Voting Details

The company will provide remote e-voting facilities through Central Depository Services (India) Limited (CDSL). The cut-off date to ascertain voting eligibility is September 22, 2026.

Members whose names appear in the Register of Members or the Depositories’ Register of Beneficiary Owners as of the cut-off date are entitled to vote. The remote e-voting period begins on September 26, 2026, at 9:00 am and ends on September 28, 2026, at 5:00 pm.

Regulatory Compliance

The intimation is issued pursuant to Regulation 42 of the SEBI (LODR) Regulations, 2015. Bhavesh Kumar Gupta, Company Secretary and Compliance Officer, signed the notice dated August 24, 2026.